USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.4824%/8h= +528.2% APRnext payment +$6.03 per $10,000 · paid last 24h −0.315%

Price spread now: Injective against Aevo+5.606%119s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$145 a day on $10k at the current rate, and Injective is 5.606% dearer against Aevo than usual: you sell high and buy low: +$561 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 119 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2631	0.0176	pay 0.0022% / 1h	53m 20s	$9K	—	3x
Short	Injective USELESS/USDC PERP	0.2779	0.5000	get 0.0625% / 1h	53m 20s	$5K	$11K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee InjectivebpOrdersPrice spread, now +5.606%Rate

Funding earned: $1,013.04
Price spread: +5.606% → 0.000%: $560.64
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,557.66
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Aevo and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter USELESS	+0.0096%	1h	0.2633	+0.061%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2630	−0.060%	$28K	$47K	3x	as long as short
Bybit USELESSUSDT	+0.0100%	4h	0.2634	+0.126%	$24.9M	$48.4M	13x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2635	+0.164%	$27K	$229K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2628	−0.129%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2623	−0.296%	$18K	$522K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2629	−0.091%	$597K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0168%	4h	0.2635	+0.130%	$9.0M	$64.1M	10x	as long as short
Aevo USELESS-PERPlong	+0.0176%	1h	0.2631	long leg	$9K	—	3x
Gate USELESS_USDT	+0.0216%	4h	0.2631	−0.015%	$6.5M	$8.6M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0218%	4h	0.2632	+0.038%	$4.8M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0236%	4h	0.2634	+0.122%	$5.0M	$10.4M	20x	as long as short
edgeX USELESSUSDC	+0.0358%	4h	0.2625	−0.234%	$20K	$196K	10x	as long as short
Extended USELESS-USD	+0.0368%	1h	0.2634	+0.124%	$114K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0368%	4h	0.2635	+0.160%	$10.6M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0369%	4h	0.2636	+0.168%	$21.9M	$121.7M	50x	as long as short
BingX USELESS-USDT	+0.0390%	4h	0.2635	+0.149%	—	$5.2M	—	as long as short
Aster USELESSUSDT	+0.0419%	4h	0.2629	−0.083%	$521K	$2.4M	10x	as long as short
Variational Omni USELESS	+0.0591%	4h	0.2626	−0.182%	$1.0M	$1.8M	—	as long as short
Hyperliquid USELESS	+0.0593%	1h	0.2634	+0.122%	$11.5M	$22.5M	3x	as long as short
BloFin USELESS-USDT	+0.0611%	4h	0.2626	−0.182%	$1.1M	$1.9M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0694%	1h	0.2623	−0.307%	$36K	$695K	25x	as long as short
Orderly PERP_USELESS_USDC	+0.1310%	4h	0.2636	+0.171%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERPshort	+0.5000%	1h	0.2779	+5.606%	$5K	$11K	5.5x